Explore CIF and FOB shipping terms to understand buyer versus seller responsibilities, cost implications, and best practices ...

When you buy or sell goods across national boundaries, you and the other party must have a clear understanding of the terms for moving those goods to their destination. CIF and FOB are commonly used ...

World trade can be complicated if not understood properly. Trade is rules-based transactions. Incoterms (International Commercial Terms) are one such common language of international trade published ...

International Commercial Terms ("Incoterms®") are rules that specify terms of trade designed to help traders avoid confusion by clarifying the tasks, costs and risks involved in the sale of goods from ...

The INCOTERMS published by the International Chamber of Commerce (ICC) have long served the international community by offering a “shorthand” for communicating key shipping terms. INCOTERMS are so ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...